By Ron Holmes Brian has been with the Firm since March 2000, which grants him the Longevity Award at Holmes Firm PC (other than yours truly). Brian practices in the real estate arena, and his practice includes horizontal and vertical development, sales and acquisitions, investing, leasing, condominium associations, etc. This spotlight is on Brian’s leasing …
The Firm is proud to announce that attorney Donna Yarborough sat on the Planning Committee for the first ever North Texas Probate Bench Bar held at the Gaylord Texan Hotel on March 7 th and 8th, 2019. More than 250 attorneys from Dallas, Collin, Tarrant and Denton counties participated in the seminars, breakout sessions, happy …
Holmes Firm PC is excited to announce the newest member of our team! We are proud to announce that Adriane S. Grace has joined the Firm and will join Donna Yarborough in our Probate, Guardianship and Fiduciary Litigation practice group. Adriane is a graduate of the University of Texas at Austin and received her law …
by Ron Holmes (From our October 2016 newsletter) As we move into the fourth quarter of 2016, we have not noticed any slowdown in the Texas real estate market. There still appears to be more capital than there are deals, and, yet, the signs of overbuilding have not shown their ugly heads. Set forth below …
by Ron Holmes You probably have heard of a Gun Trust, but may not know what that really is or why anyone would need one. Anyone who owns Title 2 firearms might consider a Gun Trust in order to “legally” transfer title to his Title 2 firearms upon his death, but there are serious pitfalls …
Ron Holmes wrote an article last winter about High-Volatility Commercial Real Estate (“HVCRE”) loans, which gave an introduction and background to the concept. As a refresher, BASEL III regulatory capital rules went into effect on January 1, 2015, introducing the concept of HVCRE. These regulations require all loans meeting the HVCRE definition to be reported …
by Ron Holmes Effective December 1, 2016, the “Salary Level Test” for overtime exempt employees is increasing. For an employee to be exempt from the requirement of overtime pay, three tests have to be met: The employee must be paid a predetermined and fixed salary (a “Salary Basis Test”); The amount of salary paid must …
For several decades, estate planners have recommended the use of family limited partnerships (“Family Limited Partnership”) as a beneficial means of transferring wealth. Many of you have employed this planning device, and others have considered, but not acted upon, this opportunity. Just as an example, father and mother contribute $1 million of assets into a …
by Ron Holmes Construction across all sectors is booming. Cranes are everywhere. But, as we all know from history, the music will stop and the lawsuits will follow. The Plaintiff’s attorneys in California have elevated to an art form the filing of construction defect lawsuits immediately prior to expiration to the statute of repose in …
By Ron Holmes Fortunately or unfortunately, I was a commercial real estate attorney during the last, great real estate bust (1987-1994). I had many successful clients, and knew of many more, who had amassed enormous wealth by hard work, ingenuity and adept risk taking in the real estate, only to see those fortunes disappear almost …